How to name beneficiaries and fund a trust at T. Rowe Price

TOD is only for accounts owned by one individual or by joint owners with rights of survivorship.¹

TOD designations must be identical for all identically registered accounts, and apply to identically registered accounts opened after the form is signed.¹

A separate IRA Beneficiary form is completed for each IRA type, and the form replaces all beneficiary information on file for the IRA types checked.²

If an IRA has no beneficiaries on file, the surviving spouse is the sole beneficiary, or the estate if there is no surviving spouse.²

You may not name yourself under a TOD designation, and an owner or joint owner of the account may not be listed as a beneficiary.¹

You may not name your estate under a TOD designation or include estate distribution provisions.¹

TOD beneficiaries may include individuals.¹

TOD beneficiaries may include corporations.¹

TOD beneficiaries may include trusts.¹

TOD beneficiaries may include other legal entities.¹

An IRA beneficiary may be one or more individuals.²

A trust may be named as an IRA beneficiary.²

An estate may be named as an IRA beneficiary.²

A charity may be named as an IRA beneficiary.²

An IRA beneficiary may be one or more legal entities.²

Each beneficiary's percentage is given on the form. Missing percentages, or percentages that do not total 100%, result in equal allocation.^{1, 2}

Unless you indicate otherwise, T. Rowe Price distributes to TOD beneficiaries on a per capita basis.¹

The TOD form is signed by all account owners.¹

For Individual 401(k), ERISA 403(b)(7), profit sharing and money purchase plans, if a spouse is not the sole primary beneficiary, the spouse's written consent must be witnessed by the plan administrator or a notary public.³

For investment accounts. Completed by all account owners. Available to download.¹

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For IRAs. Available to download.²

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For employer retirement plans. Available to download.³

T. Rowe Price TOD accounts are governed by Maryland law.¹

On the death of a joint owner, the TOD designation carries over to the surviving owner's account.¹

If no TOD beneficiary survives, the account belongs to the estate of the most recently deceased owner.¹

Available to download.⁴

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Available to download.⁵

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For investment accounts. Available to download.⁶

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For investment accounts. Available to download. Must be notarized.⁷

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Completed by all trustees, before a notary public. Available to download. Must be notarized.⁸

The Ownership Change form states that "Changing to a trust or estate or changing the primary taxpayer identification number also requires a Mutual Fund New Account form."⁴

Adding or changing trustees on an existing trust account uses the Trustee Certification form. It asks for copies of excerpts from the original trust documents and any amendments that designate the current trustees, and all trustees sign before a notary public.⁸

The Mutual Fund New Account form asks for trust pages certified within 120 days when changing trustees on an existing account.⁵

For most updates or changes to a trust, recently certified pages from the trust documents are required.¹⁰

The Brokerage Trustee Powers form states that when a grantor has relinquished all dominion and control, all trust pages are required.⁷

The Trustee Certification form is not to be used for trusts created in Connecticut.⁸

The Trustee Certification form is not to be used for trusts created in Louisiana.⁸

The Trustee Certification form is not to be used for trusts created in New York.⁸

The Trustee Certification form is not to be used for trusts created in Oklahoma.⁸

The Trustee Certification form is not to be used for trusts created in Rhode Island.⁸